Finally, some good news!

I saw in the news today 2 articles that raised my spirits. Either Biden has listened to advisers blessed with common sense, or he has been reading my website.

1. Biden broke his promise "No more drilling on federal lands, period" when he approved a massive oil project in Alaska. America needs to be energy independent while we transition to electric cars. We do need to take care of our planet, and electric cars will definitely help, but that is after we upgrade our electrical generation and distribution systems. We need oil to keep America running strong during this transition.

2. Biden said the federal government will not bail out Silicon Valley Bank (SVB) and that those responsible for its collapse will be held accountable, no one is above the law. Banks used to hold depositors' money, give them a small amount of interest on that money, and then loan the depositors money on tangible items such as land or homes. If loans were not repaid, the banks could repossess the land or home and resell it to recoup any losses. Big banks today are not the banks of olden times. While today's big banks conduct normal banking, to make more money they also have a side hustle. Big Banks Invest in the stock market, borrow money, and other potential money-making/ money-losing enterprises. (examples: Madoff, Enron). In the case of SVB, bank managements poor decisions on the side hustle cost investors millions of dollars. Basically, Biden said to the depositors, we got your back as promised. To the investors, welcome to the stock market.